Portfolio company Embroker had a banner year in 2019, with more than $1b in a liablity coverage provided to technology companies. The company's revenue tripled across its customer base of more than 2,500 companies.
“Business insurance has been painful and inefficient for far too long. We are incredibly excited to offer something that is unequivocally better, faster, and cheaper,” said Miller via VentureBeat. “We’re proud of how much time and money our customers have saved and thrilled to have the support and capital needed to further accelerate our growth.” Embroker essentially connects insurance to organizations with between 10 to 1,000 employees with policies from over 50 commercial carriers including The Hartford and Travelers. Some of the policies are customized including employment practices and liability (EPL) insurance for its Embroker Startup Program and comes with data-driven intelligence tools.